Bank of England to react ‘more cautiously’ to data in light of EU referendum

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BoE leaves rates on hold amid Brexit worries

The prospect of the EU referendum is likely to make macroeconomic and financial market indicators "harder to interpret" in the UK over the next few months, the Bank of England (BoE) said today in its monetary policy statement.

Despite its judgement that interest rates will "more likely than not" have to increase over the forecast period, the monetary policy committee (MPC) is likely to "react more cautiously" to data news than would normally be the case.

Speaking in front of the Treasury

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